kim dacey has more. >> good morning. the 10-year fiscal outlook was released last week. baltimore will be in financial ruin by 2022 unless budget cuts are made. in 10 years, it will be more than $2 billion in the hole. a local economist points out the city cannot tax its way out without losing more residents and businesses. the tax rates are already the highest in the state. cuts will have to be made. the mayor will announce her ideas. the state of the city is this afternoon. she has given a few hints, including making modern investments and changing the tax infrastructure to make baltimore more competitive for growth. >> if we act now, if we act decisively and boldly, we can change the trajectory for the city. >> the state of the city is at city hall at 2:30 this afternoon.